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140 W 30th St
New York, NY 10001
Terrific Loft Office in Chelsea · Office Property For Sale


INVESTMENT HIGHLIGHTS
- Dual street frontage enables flexible design and access
- Air rights transfer and City of Yes deductions boost buildable area
- Surrounded by high-profile developments and cultural landmarks
- Positioned within proposed MSMX rezoning for mixed-use potential
- Steps from Penn Station and major subway lines for unmatched access
- Ideal for flagship retail, luxury residential, or community facility
EXECUTIVE SUMMARY
BKREA is exclusively offering 147–151 West 29th Street, a rare block-through development site located at the intersection of NoMad and Midtown South—two of Manhattan’s most dynamic and rapidly evolving neighborhoods. With dual street frontage on West 29th and West 30th Streets, the site spans approximately 11,955 square feet and benefits from a total zoning lot of 25,660 square feet, inclusive of transferred air rights from 150 West 30th Street.
Positioned within the proposed Midtown South Mixed-Use Rezoning (MSMX), the site is expected to allow up to 18.0 FAR with Mandatory Inclusionary Housing (MIH) for residential use and 15.0 FAR for commercial or community facility use. This translates to a potential buildable area of up to 257,291 square feet, enhanced by ultra-low energy deductions under the City of Yes initiative. A zoning and massing study by Hill West is available in the data room to support design and feasibility planning.
Surrounded by iconic landmarks such as Madison Square Garden, Macy’s, and Hudson Yards, the property offers unmatched visibility and branding potential. Its central location provides seamless access to Penn Station, the 34th Street–Herald Square transit hub, and multiple subway lines including the 1, 2, 3, A, C, E, B, D, F, M, N, Q, R, and W, as well as LIRR and NJ Transit.
This offering presents a premier opportunity for developers seeking a flagship residential, commercial, or mixed-use project in one of Manhattan’s most transit-rich and high-demand corridors.
Positioned within the proposed Midtown South Mixed-Use Rezoning (MSMX), the site is expected to allow up to 18.0 FAR with Mandatory Inclusionary Housing (MIH) for residential use and 15.0 FAR for commercial or community facility use. This translates to a potential buildable area of up to 257,291 square feet, enhanced by ultra-low energy deductions under the City of Yes initiative. A zoning and massing study by Hill West is available in the data room to support design and feasibility planning.
Surrounded by iconic landmarks such as Madison Square Garden, Macy’s, and Hudson Yards, the property offers unmatched visibility and branding potential. Its central location provides seamless access to Penn Station, the 34th Street–Herald Square transit hub, and multiple subway lines including the 1, 2, 3, A, C, E, B, D, F, M, N, Q, R, and W, as well as LIRR and NJ Transit.
This offering presents a premier opportunity for developers seeking a flagship residential, commercial, or mixed-use project in one of Manhattan’s most transit-rich and high-demand corridors.
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Office
Building Size
21,164 SF
Building Class
C
Year Built
1928
Percent Leased
63%
Tenancy
Multiple
Building Height
5 Stories
Typical Floor Size
4,233 SF
Building FAR
1.68
Lot Size
0.29 AC
Zoning
M1-6 - Light industrial with offices, hotels, and most retail uses permitted
AMENITIES
- Signage
PROPERTY TAXES
| Parcel Number | 0805-0087 | Improvements Assessment | $1,832,409 CAD |
| Land Assessment | $1,379,769 CAD | Total Assessment | $3,212,178 CAD |
PROPERTY TAXES
Parcel Number
0805-0087
Land Assessment
$1,379,769 CAD
Improvements Assessment
$1,832,409 CAD
Total Assessment
$3,212,178 CAD
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